Gopal Snacks IPO: Check Subscription Window, Listing Date And Other Details

Gopal Snacks Limited, a prominent FMCG entity established in 1999, is set to make its mark in the financial arena with the Gopal Namkeen Initial Public Offering (IPO), a book-built issue totaling Rs 650 crores. The IPO of Gopal Snacks Limited is set to be entirely an offer for sale, is scheduled to open for subscription on March 6, 2024, and will conclude on March 11, 2024.
Gopal Snacks IPO

Gopal Snacks IPO (Image Source: iStockphoto)

Gopal Snacks Limited, a prominent FMCG entity established in 1999, is set to make its mark in the financial arena with the Gopal Namkeen Initial Public Offering (IPO), a book-built issue totaling Rs 650 crores.
Gopal Snacks Limited IPO Details
The IPO of Gopal Snacks Limited is set to be entirely an offer for sale, is scheduled to open for subscription on March 6, 2024, and will conclude on March 11, 2024. The final allotment of shares is anticipated to be determined on Tuesday, March 12, 2024. Gopal Namkeen IPO is set to list on the BSE and NSE, with a tentative listing date fixed for Thursday, March 14, 2024.
Despite the IPO's financial significance, the pricing details, encompassing price bands, are yet to be unveiled. The company will not accrue any proceeds from the offering; instead, all the Offer Proceeds will be directed to the Selling Shareholders, proportional to the Offered Shares sold.
Playing pivotal roles in the IPO process, Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited serve as the book running lead managers, while Link Intime India Private Ltd assumes the role of the registrar for the issue.
Gopal Snacks Limited's product portfolio spans ethnic and Western snacks, including namkeen, gathiya, wafers, extruded snacks, and snack pellets. Additionally, the company offers a range of fast-moving consumer goods such as papad, spices, gram flour, noodles, rusk, and soan papdi. Boasting 276 SKUs and 84 diverse products as of November 2023, the company has established a strong presence, selling its products across 523 locations in 10 states and two Union Territories as of September 2023.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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